Barrington Research Forecasts Strong Price Appreciation for Perdoceo Education (NASDAQ:PRDO) Stock

Perdoceo Education (NASDAQ:PRDO) had its price objective boosted by investment analysts at Barrington Research from $30.00 to $32.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price objective points to a potential upside of 21.67% from the stock’s previous close. Barrington Research also issued estimates for Perdoceo Education’s FY2025 earnings at $2.36 EPS.

Perdoceo Education Stock Down 5.9 %

Shares of NASDAQ:PRDO opened at $26.30 on Wednesday. The firm has a 50 day moving average of $22.07 and a 200 day moving average of $22.33. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. Perdoceo Education has a 52 week low of $16.12 and a 52 week high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.88% and a net margin of 20.42%. The firm had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. During the same period in the prior year, the business posted $0.64 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts expect that Perdoceo Education will post 2.19 EPS for the current year.

Insider Buying and Selling at Perdoceo Education

In other news, insider Michele A. Peppers sold 6,476 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the sale, the insider now owns 61,952 shares in the company, valued at approximately $1,300,992. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.81% of the stock is owned by insiders.

Institutional Trading of Perdoceo Education

Several large investors have recently bought and sold shares of the stock. Quarry LP raised its holdings in shares of Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after buying an additional 1,254 shares during the last quarter. Blue Trust Inc. increased its position in shares of Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after acquiring an additional 492 shares during the period. Quest Partners LLC purchased a new position in Perdoceo Education in the 2nd quarter worth $39,000. Fifth Third Bancorp lifted its position in Perdoceo Education by 650.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock worth $40,000 after acquiring an additional 1,633 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Perdoceo Education during the 2nd quarter worth about $74,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.